INCOME TAXES

3 Months Ended

Mar. 31, 2023

Income Tax Disclosure [Abstract]

INCOME TAXES

INCOME TAXES

The Company's quarterly income tax provision is measured using an estimate of its consolidated annual effective tax rate, which includes the impact of foreign withholding tax accruals and uncertain tax positions, adjusted for discrete items, within the periods presented. The comparison of the Company's income tax provision between periods can be significantly impacted by the level and mix of earnings and losses by tax jurisdiction and discrete items.

For the three months ended March 31, 2023, the Company recognized income tax expense of $16.9 million resulting in an effective tax rate of 28%, as compared to $20.0 million and an effective tax rate of 26%, in the same period for 2022. Income tax expense included a U.S. tax benefit provided with respect to foreign earnings, offset by an increase in foreign withholding tax accruals for the three months ended March 31, 2023.